๐ Guarantees of Origin โ Building a Market Maker
In this episode of Soldera Markets, Stenver, Al and Ollie from Soldera chat with Koen Andriessen and Chris Myers from Faraday Trading, about what it takes to build a Market Making (MM) operation in the current Guarantee of Origin (GO) market.
This episode delves into:
โ How Faraday transitioned from financial derivatives to GO market making ๐ โ Their passive approach: waiting for counterparties rather than chasing trades
โ Why they focus on AIB grid-connected certificates for sharper pricing
โ How constant trading volume creates effective risk management
โ How Faraday views the market: learn about the MM approach to risk and strategy.
Faradayโs Origin Story:
โ Three co-founders with extensive careers in financial market making
โ Started January 2024 as their first entrepreneurial venture together
โ Saw GO market as less developed compared to efficient financial markets
โ Drew parallels to financial products that became liquid over time
โ Brought MM expertise to a space dominated by back-to-back trading
Soldera Auctions:
โ Learn how Faraday and Soldera work well together
โ Explore how market makers access quality GO supply efficiently
โ Understand how streamlined sourcing strengthens MM liquidity provision
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